Global Busbar Market to grow at a CAGR of 5.44% during the period 2016 - 2020; Finds New Report

Report forecast the global busbar market to grow at a CAGR of 5.44% during the period 2016-2020.

A busbar is a metallic strip or bar capable of conducting electricity. It is an essential component of the electrical power grid that enables the grid to conduct electricity while reducing power loss simultaneously. The materials used for busbar construction and its dimensional specifications determine the maximum current it can safely conduct. Low power rating busbars are used in electrical systems of small-scale buildings or residential construction and warehouses. Medium power rated busbars are employed in electrical substations, while high power rated busbars are used in the smelting industry.

The report covers the present scenario and the growth prospects of the global busbar market for 2016-2020. To calculate the market size, the report considers the demand for busbars from different end-users.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, solid aluminum busbars connect batteries to electrical components inside a vehicle. Thus, busbars form an essential component in vehicular operations. We observe that growth in the global busbar market is closely tied to the fortunes of the transportation sector worldwide.

Further, the report states that steel has a wide range of applications in heavy industries such as construction, mining, automobile, and marine. As busbars are used in the steel smelting industry, decline in steel production affects market demand for busbars.

Global Busbar Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Busbar Market: ABB, Eaton, Legrand, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Chint Electrics, Mersen, Power Products, Rittal, and TE Connectivity.

Market driver

• Demand from transportation industry
• For a full, detailed list, view our report

Market challenge

• Low demand from steel smelting industry
• For a full, detailed list, view our report

Market trend

• Rising solar power capacity
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 61 pages and 41 Exhibit “Global Busbar Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by power rating, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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